Gift to/by an huf

ANILKUMAR (PARTNER) (26 Points)

12 December 2016  
SIR, I WOULD LIKE TO KNOW WHETHER AN HUF CAN GIFT TO ANOTHER INDIVIDUAL/HUF AMOUNT EXCEEDING 50,000/- WITHOUT THE RECIPIENT ATTRACTING GIFT TAX ? IF SO THEN THE CIRCUMSTANCES UNDER WHICH IT CAN BE DONE. ALSO WHETHER AN HUF CAN GIFT TO ITS COPARCENERS? YOUR KIND REPLY TO THE ABOVE WILL BE APPRECIATED. THANKING YOU, ANILKUMAR JAIN. anu_preksha @ yahoo.com